Date
20 September 2017

Galaxy Entertainment hints at expansion into Japan

A vice chairman of Macau casino operator Galaxy Entertainment Group Ltd. (00027.HK) hinted Wednesday at possible expansion into Japan, saying he is keen to know when a gaming law will pass in the country.

Galaxy vice chairman Francis Lui said his business has a long relationship with partners in Japan.

“My father earned his first barrel of money in Okinawa … our construction materials are imported from Japan,” Liu told a post-results briefing.

He said the company is exploring options throughout Asia and if it does expand outside Macau it will likely work with local partners to build a casino with a unique style and local culture.

Lui also said Galaxy’s 100 billion yuan (US$16.34 billion) resort project on Zhuhai’s Hengqin Island will include 2.5 kilometers of coastline on the southwest side of the island. It will develop land and water leisure facilities and Maldives-style water bungalows on a 2.7 square kilometer plot, he said.

Assuming the paperwork is completed, the company aims to start construction of the resort this year and have the first phase of the project ready in time for the opening of the Hong Kong-Zhuhai-Macau bridge in 2016, he said.

– Contact HKEJ at [email protected]

JH/JP/SK

 

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